SG Capital Management LLC Makes New Investment in Quanex Building Products Co. (NYSE:NX)

SG Capital Management LLC bought a new stake in shares of Quanex Building Products Co. (NYSE:NX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 151,190 shares of the construction company’s stock, valued at approximately $3,665,000. SG Capital Management LLC owned about 0.32% of Quanex Building Products as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Quanex Building Products by 833.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,419 shares of the construction company’s stock valued at $34,000 after buying an additional 1,267 shares during the last quarter. Federated Hermes Inc. purchased a new position in Quanex Building Products during the fourth quarter valued at $44,000. KBC Group NV raised its position in shares of Quanex Building Products by 69.8% during the 4th quarter. KBC Group NV now owns 2,843 shares of the construction company’s stock worth $69,000 after purchasing an additional 1,169 shares during the last quarter. Assetmark Inc. lifted its position in shares of Quanex Building Products by 805.8% in the fourth quarter. Assetmark Inc. now owns 6,060 shares of the construction company’s stock valued at $147,000 after acquiring an additional 5,391 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Quanex Building Products during the fourth quarter worth approximately $195,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

Quanex Building Products Stock Up 0.3%

NYSE NX opened at $18.43 on Friday. Quanex Building Products Co. has a one year low of $15.30 and a one year high of $34.97. The company has a market cap of $870.06 million, a P/E ratio of 16.46, a P/E/G ratio of 0.68 and a beta of 1.01. The business has a fifty day moving average price of $17.85 and a 200 day moving average price of $22.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.24.

Quanex Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.08 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.74%. Quanex Building Products’s dividend payout ratio (DPR) is 52.46%.

Quanex Building Products Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.